Energy

ADNOC Gas inks $400 million LNG supply agreement with Germany’s SEFE

Agreement signed for the delivery of 0.7 million tons of LNG with deliveries commencing this year

OPEC reduces 2025 oil demand forecast to 105 million bpd, projects 122.9 million bpd by 2050

The long-term projection reflects increasing energy needs in developing nations and anticipated investments.

Oil prices fall to $70.17 as Trump expands tariffs, triggering demand concerns

Only a couple of Fed policymakers supported the idea of cutting interest rates as early as this month

Crude oil prices fall 0.1 percent to $70.08 from two-week highs as tariff updates loom

Trump’s tariff delay offers hope to major trade partners while confusing smaller exporters like South Africa

Egypt launches major natural gas initiative to drill 11 wells yielding 160 billion cubic feet

Minister Karim Badawi oversaw drilling operations at Begonia-2 in the New Mansoura concession area

Crude oil prices retreat over 0.3 percent to $69.25 as U.S. tariffs, OPEC+ output weigh

U.S. President Trump informed trade partners that higher tariffs would commence on August 1 

Crude oil prices fall 0.35 percent to $68 as OPEC+ surprises markets with 548,000 bpd output hike

Saudi Arabia raised August prices for Arab Light crude to a four-month high for Asia 

Crude oil prices steady above $68.55 amid Trump’s tariff announcements, job market resilience

Trump's letters detail tariff rates ranging from 20 percent to 30 percent for 10 countries simultaneously

Saudi Arabia and Indonesia sign deals worth $27 billion in energy, aviation fuel services

Bilateral trade between the two nations reached $ 31.5 billion during the past five years

Oil prices fall 0.71 percent to $68.62 on concerns over weak U.S. demand

U.S. domestic crude inventories rose by 3.8 million barrels to 419 million barrels last week

Saudi Arabia boosts crude oil exports to highest in over a year ahed of OPEC meeting

The Kingdom's oil exports rose by 450,000 bpd in June, reaching 6.33 million bpd

Crude oil prices climb 2 cents to $67.15 as OPEC+ supply decision looms

Saudi Arabia's shipments increased by 450,000 bpd in June, marking the highest levels in over a year

Crude oil prices dip over 0.2 percent, settle above $66.45 amid OPEC+ and tariff concerns

OPEC+ plans to increase output by 411,000 barrels per day starting in August

How UAE is balancing oil production growth with renewable energy ambitions

Key investments of AED150 to AED200 billion target a significant increase in renewable energy capacity 

ADNOC Drilling awarded 5-year $800 million contract for oilfield services

This marks the fifth contract in just over two months, including a $1.63 billion five-year contract for Integrated Drilling Services

Multiply Group to sell PAL Cooling Holding to Tabreed, CVC DIF consortium for $1.03 billion

Transaction's future proceeds will accelerate growth across group's core verticals and support further global expansion ambitions

World Bank makes first step to re-engage with nuclear power since 1965

Electricity demand in developing countries is expected to more than double by 2035

UAE fuel prices for July 2025 reveal increases in petrol and diesel rates

Super 98 petrol will now cost AED2.70 per litre, increasing from AED2.58 in June

Crude oil prices fall 0.19 percent above $67.6 as Middle East tensions ease, OPEC+ plans increase

The market has largely eliminated the geopolitical risk premium after the ceasefire announcement

Will UAE petrol prices rise or decline in July as Mideast tensions ease?

As Middle East tensions now appear to have eased, the outlook for crude oil prices remains uncertain

Abu Dhabi Fund for Development signs $205 million GCC power grid expansion

The project is a key component of the UAE’s long-term strategy to diversify and modernize its energy infrastructure, in alignment with the UAE Energy Strategy 2050

UAE and China explore bolstering ties in energy, renewables, industry, infrastructure

Al Jaber emphasized the UAE’s unwavering commitment to strengthening and expanding the CEPA with China

WHO: Over 666 million people still lack electricity despite global progress

The report calls for a renewed focus on scalable, affordable solutions from decentralized solar power to clean cooking technologies

Oil prices rise 0.33 percent to $67.9 as dip in U.S. crude stocks signals strong demand

Crude inventories dipped 5.8 million barrels, the EIA said, exceeding analysts' expectations for a 797,000-barrel decline